I See a 25 Basis Point Rate Cut; Neal Bhai

I See a 25 Basis Point Rate Cut; Neal Bhai

After the unexpected 50 basis point rate cut in September, market participants have turned their attention to the performance of the US economy to gauge the likelihood of further cuts. This focus aligns with the Federal Reserve’s shift toward monitoring the labor market, although inflation, especially excluding food and energy costs, is proving more stubborn than before.

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Gold prices fell to a one-week low in line with US Inflation data

Gold prices fell to a one-week low in line with US Inflation data

Safe-haven gold prices may get some support from the slight decline in the US dollar (USD) along with the risk of further escalation of geopolitical tensions in the Middle East. Traders may also avoid placing aggressive bets ahead of the release of the FOMC meeting minutes on Wednesday. In addition, the US Consumer Price Index (CPI) and the US Producer Price Index (PPI) to be released on Thursday and Friday should provide fresh momentum to Yellow Metal.

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Fed Meeting press conference quotes

Fed Meeting press conference quotes

Fed Meeting press conference: Federal Reserve Chairman Jerome Powell explains the decision to cut the policy rate, federal funds rate, by 50 basis points to the range of 4.75%-5% after the September meeting and responds to questions in the post-meeting press conference.

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फेड ने ब्याज दर 50 आधार अंक घटाकर 4.75%-5% कर दी

फेड ने ब्याज दर 50 आधार अंक घटाकर 4.75%-5% कर दी

अमेरिकी फेडरल रिजर्व (Fed) ने बुधवार को घोषणा की कि उसने सितंबर की नीति बैठक के बाद नीति दर, संघीय निधि दर को 50 आधार अंकों से घटाकर 4.75%-5% की सीमा तक कर दिया है। हालांकि बाजार का पूर्वानुमान 25 बीपीएस दर कटौती का था, लेकिन 50 बीपीएस कटौती की उम्मीदें बढ़ रही थीं।

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Nifty, Sensex continue to fall for sixth consecutive day, broader markets fall

Sensex, Nifty: Will stock market rally post US Fed rate cut decision today?

Benchmark indices Sensex and Nifty were range-bound in Wednesday’s trade, much in line with Asian peers, as investors globally eye the outcome of the two-day US Federal Reserve’s policy review later today. Analysts are largely betting on a 25 basis points (bps) rate cut, though they do not rule out a bigger 50-bp move. What stock investors would cheer, analysts said, is a small cut with a dovish Fed commentary on future rate cuts.   

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Fed-Speak: Rate cuts coming [09-09-2024]

Fed-Speak: Rate cuts coming [09-09-2024]

Fed-Speak: Federal Reserve Bank of New York President John Williams said it is appropriate to slash rates on colling job market and disinflationary trend. He added that it is unlikely that the labour market will be a source of price pressures going forward and timing of rate cut will depend upon incoming data, the evolving outlook and the balance of risks. Fed’s Waller said that he would back front-loaded rate cuts if required. Goolsbee also called for rate cuts.

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